Technip awarded Saudi Kayan contract

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Technip awarded Saudi Kayan contract

Technip has been awarded a contract by CTCI(1) to provide basic engineering and proprietary equipment for a grass roots ethylene cracking furnace at the Saudi Kayan(2) petrochemical complex in Jubail, Saudi Arabia.

The furnace design will be based on Technip’s proprietary USC® furnace technology. Technip was awarded this project for its best proposal and because of its high-capacity, high availability, gas cracking applications.

Technip’s operating center in Milton Keynes, UK, will execute the project, which is scheduled for completion in 2017.

Stan Knez, President, Technip Stone & Webster Process Technology, commented: “As the largest ethylene licensor and contractor, Technip is pleased that our USC furnace technology was selected for this important ethylene expansion project. The technology has an outstanding track record with more than 60 installations for gas cracking in the last decade.”

As a world leader in gas monetization, refining and petrochemicals, Technip has a strong expertise in proprietary equipment, technologies and licensing.

(1)CTCI Corporation is providing the engineering, procurement and construction of Saudi Kayan’s new cracking furnace. Founded in 1979, CTCI is the largest engineering, procurement and construction firm in Taiwan.

(2)Saudi Kayan Petrochemical Company is an affiliate of SABIC, a public company based in Riyadh, Saudi Arabia, with 70% of the company shares owned by the Saudi Arabian government and 30% held by private investors.

About Technip

Present in 45 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange, and its ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).

Source: www.technip.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.